Advice on buying Base GT

[Rjdamato]

So I have a 2016 Magnetic Mustang Ecoboost Base Auto/Wheel and Stripe/Enhanced Security and it's modded. I basically was dumb at the time and got the car for 27k. 500 above true cars lowest price.


So lets jump to now. I want a Magnetic Auto GT. I know, one of THOSE threads.

This is the current deal that I have after 3 hours of haggling.

MSRP = $34,490
2016 Black Base Auto / Spoiler Delete / 3.15 Gear = $29,516
Trade in = $22,500 (Owe $27,000 )
Difference = $7,016

If I put $2000 down into my current loan they will do a payoff of $25,000

Pay off Est = $25,000
Tax on difference = $859.08
Admin Fee - $599
Title Fee - $27.20

Total Loan Price: 33,501.28

Some details. The car is currently available. But there is a magnetic one with 18" Foundry Black-Painted Aluminum wheels that is available June 25 since it's in the factory currently for a total Loan of 33,950. I REALLY want magnetic. Only issue is that I lose 250 dollars in rebates and need to put a refundable $500 deposit to guarantee the car. That deposit goes into the car if I keep it. Bringing the total loan to 33,450. By that time I'd have 2 car payments in and still would be putting down 2000 into the current car.

So either do $33,501 for a Black GT or $33,950 Magnetic GT that I wont get until June 25 with the potential of more rebates.

What do you think?

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[Toad]

I've seen many comment about color regret...It is a big deal and a long time to live with a color you are not happy with...When you can I'd always go with first choice on color..Over the life of the loan a $449 is not much and could be made up in rebates in just under 30 days if you wait. Plus you seem to like the wheels more..I have the Foundry myself...Got a compliment on them today...Good Luck
Toad

 

[Nylesw]

Personally I would never roll a car into a new car and go in the negative equity. I would try and sell outright and get closer to the difference. Easier to haggle from there as well, I think the 29k price is good if its new, just think if you have something happen or for some reason need to get rid of new car, your upside down. Not the best situation.

 

[Clarkson]

Just 500 bucks for a color you like is well worth it.

 

[VinnAY]

Personally I would never roll a car into a new car and go in the negative equity. I would try and sell outright and get closer to the difference. Easier to haggle from there as well, I think the 29k price is good if its new, just think if you have something happen or for some reason need to get rid of new car, your upside down. Not the best situation.

That and a GT with a 3.15 gear sounds like a dog for performance. (bad)

 

[dgc333]

That and a GT with a 3.15 gear sounds like a dog for performance. (bad)

No S550 Mustang regardless of engine or gearing is a "dog for performance".

 

[15GTBEN]

So I have a 2016 Magnetic Mustang Ecoboost Base Auto/Wheel and Stripe/Enhanced Security and it's modded. I basically was dumb at the time and got the car for 27k. 500 above true cars lowest price.


So lets jump to now. I want a Magnetic Auto GT. I know, one of THOSE threads.

This is the current deal that I have after 3 hours of haggling.

MSRP = $34,490
2016 Black Base Auto / Spoiler Delete / 3.15 Gear = $29,516
Trade in = $22,500 (Owe $27,000 )
Difference = $7,016

If I put $2000 down into my current loan they will do a payoff of $25,000

Pay off Est = $25,000
Tax on difference = $859.08
Admin Fee - $599
Title Fee - $27.20

Total Loan Price: 33,501.28

Some details. The car is currently available. But there is a magnetic one with 18" Foundry Black-Painted Aluminum wheels that is available June 25 since it's in the factory currently for a total Loan of 33,950. I REALLY want magnetic. Only issue is that I lose 250 dollars in rebates and need to put a refundable $500 deposit to guarantee the car. That deposit goes into the car if I keep it. Bringing the total loan to 33,450. By that time I'd have 2 car payments in and still would be putting down 2000 into the current car.

So either do $33,501 for a Black GT or $33,950 Magnetic GT that I wont get until June 25 with the potential of more rebates.

What do you think?

Does the $29,516 price include freight? If not add in another $900.

I am assuming you are financing. Are you getting a good APR? Paying a higher interest rate on negative equity SUCKS! I rolled in $3k on my last car but was paying 0%/60 months.

Break down each option/price of the car and make sure you're at least getting invoice pricing before rebates are applied(if any). You can find invoice price breakdown on Cars.com.

As far as gears, 3.15's work fine for going fast but the 3.55's are more fun around town waking up the "soft" low end of the coyote motor, especially if you aren't going to mod much. There are plenty of base autos with 3.55's around. Have the dealer find one in the desired color in your location.

 

[canyon ed]

I have been looking for a Mustang Base GT W/ 3.55 rear end. I also like the Foundry wheels its a $155 add.

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